Summary by Moomoo AI
Techwolf Limited, an officer, director, and 10% stockholder of Kanzhun Limited, plans to sell 30,000 American Depositary Shares (ADSs) of the company on 12/31/2024. Each ADS represents two Class A Ordinary Shares. The aggregate market value of the shares to be sold is $411,000.The securities to be sold originate from founder shares acquired on 05/20/2014. Techwolf Limited acquired 60,000 ordinary shares from the issuer as payment for services rendered. This planned sale represents half of the originally acquired shares.No securities have been sold by Techwolf Limited in the past three months prior to this announcement. The sale is scheduled to take place exactly 10 years after the initial acquisition of the founder shares.